idk...I don't mean to offend anyone who collects these kinds of coins...
but why??? even if the mintage is low...IMO I'd rather buy 2 rolls of ASE's for that kind of price with $$ leftover to buy whatever I need....

Ok, I did a little research at the Perth Mint and it is the 1st of the Deadly and Dangerous animals serious, which are a low mintage, colorized set. But, Ummm, they still are not made of gold. The newest one out the octopus is selling for like $75 from the Perth Mint, so we better buy them up before they are $1000

idk...I don't mean to offend anyone who collects these kinds of coins...
but why??? even if the mintage is low...IMO I'd rather buy 2 rolls of ASE's for that kind of price with $$ leftover to buy whatever I need....

-acsf89

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IMO ASE's have the same problem, just not to that degree.
ASE's are bullion coins and to pay more than a couple bucks over spot is wrong.
Unless of course you are confident silver spot will continue upward.

I guess it's a matter of people collecting what they like. The last coin in the series, the Eastern Brown Snake sold out almost immediately. These coins should be worth even more as time goes by. You just never know.

The Perth Mint makes so many different series with low mintages that it is hard to tell which ones will be worth anything in the future. The Perth Mint even made a Transformers Series which includes Optimus and Megatron........ LOL.

These coins are now selling on ebay for asking prices of up to $1999! There was an article in the February, 2013 issue of CoinWorld about modern world coins. This coin, for whatever reason, has appreciated more than just about any other new issue of the past decade. I happened to have bought one of these when it was first issued. I also bought the next one in the Deadly and Dangerous series (the Great White Shark). That one is selling for 2-3X its issue price, but nothing like the 2006 redback spider coin.

It's like anything else. Even though you might not understand or "get" why people pay for some coins/medals it's all about what people like.

Personally - I see the prices people pay for "real" coins that aren't buillon and I still shake my head and think they must be crazy or insanely rich. Supply and demand - its the same for every collectible, whether it's coins, buillon, star wars figures or glass insulators.

Just an Fyi the redback spider is what got speculators to start grabbing silver NCLT hoping to get the next big thing and flip it for $$$ and started the whole craze. I know couple who do this regularly and make more than most people take home salary. They claim they are stackers but

Looking around eBay and a few retail sites, $1000 - $1500 seems to be the going rate. Only 5000 pieces produced. Who'da thunk it? Good for those Tuvaluans.

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That looks rare... but it's actually not, considering the demand for these is pretty low, and Tuvalu/Niue/New Zealand/etc. produce a large number of different coins, but a small number of each individual coin, meaning the rarity is completely artificial. Just because people often ask these prices doesn't mean you'll ever get anything close to that amount of money back, unless silver hits $1000 an ounce. There's a pretty big fad going on such things atm by speculators thinking these will be super valauble some day... but I can guarantee you this won't be sustainable in the long run. I own several Marshall Islands coins with low mintages that cost me $5 20+ years ago. They're all still worth $5, which means adjusting for inflation their value actually went DOWN lol...